Paul Grewal, chief legal officer at crypto exchange Coinbase (COIN), criticized the U.S. Treasury’s recent filing that seeks to moot the necessity of a final court judgment regarding Tornado Cash after having delisted the crypto mixer from the sanctions list. On Friday, the Treasury Department’s sanctions watchdog removed Tornado Cash from its global blacklist while … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2788.33, up 4.9% (+130.03) since 4 p.m. ET on Friday. All 20 assets are trading higher. Leaders: AVAX (+15.6%) and SOL (+11.8%). Laggards: BCH (+0.6%) and LTC (+1.0%). The … Read more
Tabit Insurance, a Barbados-regulated insurance company established by former executives from the now-shuttered cryptocurrency exchange Bittrex, said it raised a $40 million reserve composed entirely of bitcoin (BTC) with which to write traditional insurance and reinsurance business. The insurer, which emerged in January of this year with plans to offer bitcoin-backed liability policies for company … Read more
DYDX, the token of decentralized derivatives exchange dYdX, jumped nearly 7% to $0.72 after the platform introduced a buyback program, dedicating 25% of its monthly protocol fees to purchasing tokens on the open market. The move is part of a broader effort to reinforce the token’s role in the network’s security and economic model amid … Read more
Michael Saylor-led Stategy (MSTR) brought its bitcoin stake above 500,000 tokens with additional purchases made last week. The company purchased 6,911 bitcoin for $584.1 million, or an average cost of $84,529 per token, according to a filing Monday morning. That brought the company’s holdings to 506,137 BTC acquired for $33.7 billion, or an average cost … Read more
As spot Bitcoin (BTC) pushed higher over the weekend reaching a high of $87,800 on Monday, another gap emerged between CME futures’ closing price on Friday and the start of the new week’s trading. The futures closed at $84,190 at the end of the last week and opened about $1,000 higher at $85,160. That sets … Read more
The bitcoin (BTC) price has jumped 2% to $87,800 since midnight UTC. The increase has been accompanied by an uptick in future open interest on Binance, validating the buoyant market mood to signal sustainable gains. The open interest in the BTC-USDT futures listed on the exchange has increased by roughly 7,000 BTC ($614.6 million) since … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Risk assets, including cryptocurrencies, perked up Monday on reports that President Donald Trump’s expected reciprocal tariffs scheduled for April 2 may be more measured than initially thought. The news came days after the Federal Reserve retained forecasts for two interest-rate cuts while downplaying fears of a … Read more
Crypto market maker and investor DWF Labs said it established a $250 million fund for investment in mid and large-cap cryptocurrency projects. Investment sizes will range from $10 million to $50 million per project, providing capital and ecosystem support, DWF Labs said in a Monday email. The firm emerged as a prolific crypto industry investor … Read more
The number of ether (ETH) held in wallets tied to centralized exchanges has dropped to an over nine-year low of 8.97 million tokens, according to data tracked by CryptoRank and Santiment. That’s the lowest tally since November 2015. The continued exodus of coins from centralized trading platforms may result in reduced availability of coins in … Read more
Bitcoin (BTC) topped $87,000 early Monday with solana (SOL), xrp (XRP) and dogecoin (DOGE) adding more than 4% to start the week in the green as traders eyed the release of further U.S. economic data for cues on further positioning. Bitcoin mostly hovered around $85,000 over the weekend, restrained by concern over inflation and the … Read more
Tokyo-based investment firm Metaplanet said Monday it had acquired an additional 150 bitcoin (BTC) to bring its total holdings to 3,350 BTC, valued at approximately $291 million at current market rates. The purchase comes just days after the company made Eric Trump, son of U.S. President Donald Trump, to its newly formed strategic advisory board. … Read more
World Liberty Financial (WLFI), a DeFi project backed by President Donald Trump’s family, has acquired substantial amounts of Mantle’s MNT token following last week’s major technological upgrade of the network. WLFI purchased about 3.54 million MNT for nearly $3 million USDC for an average purchase price of 84 cents, according to data sources Lookonchain and … Read more
GCash, the largest digital wallet in the Philippines, has announced support for stablecoins via USDC. Publicly available data shows that GCash, which is similar to China’s Alipay or WeChat Pay, does over $65 billion (3.8 trillion Philippine Pesos) in annual transaction volume. Filipino remittances reached a record $38.3 billion in 2024, and account for approximately … Read more
XRP is gaining momentum among bulls as the U.S. Securities and Exchange Commission (SEC) dropped its long-standing lawsuit against Ripple Labs last week, marking a fundamental shift for the token. The resolution has sparked optimism among XRP watchers, with analysts eyeing a potential climb to $10 by 2030, driven by regulatory clarity, the adoption of … Read more
Donald Trump’s presidential memecoin was the best performing digital asset, according to CoinGecko data, as of midday East Asia time, after Trump made a Truth Social post calling it “the greatest of them all” and “cool.” Market data shows that in the minutes after Trump made the post, his eponymous cryptocurrency went from around $10.93 … Read more
Financial markets gave risk-on vibes early Monday during Asia hours based on reports that the next round of Trump tariffs due on April 2 could be more measured than initially expected. Bitcoin (BTC), the largest digital asset by market value, traded at around $86,500, up 2.7% on a 24-hour basis, with Solana’s SOL token trading … Read more
U.S.-based asset manager Fidelity Investments has filed paperwork to register a blockchain-based, tokenized version of its U.S. dollar money market fund, aiming to join the tokenized asset race. According to a Friday filing to the U.S. Securities and Exchange Commission (SEC), the company seeks to register an “OnChain” share class of its Fidelity Treasury Digital … Read more
The U.S. Securities and Exchange Commission is looking to reset its relationship with the crypto industry, even before a permanent chair is confirmed by Congress. The latest effort was Friday’s roundtable, hosted at the SEC’s headquarters in Washington, D.C. and featuring a dozen attorneys representing different views and positions within the crypto industry. You’re reading … Read more
WASHINGTON, D.C. — The staff at the U.S. Securities and Exchange Commission has embraced the chance to finally work with the crypto industry to hash out policy for overseeing digital assets transactions, said Commissioner Hester Peirce, the head of the agency’s crypto task force. The securities regulator is ready “to seek earnestly to find a … Read more
Animal spirits in the crypto industry continue to be evident amid the eased regulatory stance of the Trump administration, with leading U.S. spot exchange Coinbase (COIN) in advanced acquisition talks with leading global derivatives exchange Deribit, reports Bloomberg. According to the story, the companies have notified Dubai regulators (where Deribit is licensed) about the discussions. … Read more
South Korean financial authorities are planning sanctions against crypto exchanges who are operating illegally in the country, business newspaper Hankyung reported on Friday. The Financial Intelligence Unit (FIU) classified a number of exchanges who are not registered as Virtual Asset Service Providers (VASPs) as targets for sanctions, according to the report. The exchanges targeted – … Read more
Right now, my X feed is full of people who are giving up on Web3 gaming. I get it. Over $12 billion of venture capital funding has gone into it since 2020 and they haven’t seen the sort of breakout success that many expected. Even the best games haven’t reached anything close to mainstream scale. … Read more
The German financial supervisory authority BaFin said it identified “serious deficiencies” in Ethena’s synthetic USDe stablecoin. Ethena is the yield-generating protocol. The stablecoin has a market cap of $5.4 billion. Ethena said on X that it will “continue to evaluate alternative frameworks,” after being notified that the “application under the MiCAR regulatory framework will not … Read more
Markets-wise, crypto was flat this week. Bitcoin was rangebound ($83,000 to $84,000). And the CoinDesk 20, which tracks about 80% of the market, stayed at about 2,600. Crypto prices suffered from being increasingly correlated with the wider financial markets, which are down on tariff worries and decreased corporate earnings. Some even said the bitcoin bull … Read more
HK Asia Holdings (1723) said it bought another 10 bitcoin (BTC) for $858,581. The Thursday purchase took the Hong Kong-listed company’s total to around 18.88 BTC at a cost of roughly $1.72 million. The acquisitions were made via open market transactions and funded through internal cash reserves. In a statement, the company said it views … Read more
A mysterious crypto trader that made millions trading derivatives this year has been identified as William Parker, a convicted fraudster, according to blockchain sleuth ZachXBT. Parker made $6.8 million on one position after going long on BTC just before Donald Trump’s weekend announcement of a U.S. strategic crypto reserve, per ZachXBT. He then turned around … Read more
The crypto industry’s Fairshake political action committee is flooding Republican candidates with last-minute money in special congressional elections in Florida. Two U.S. House of Representatives seats had been opened by resignations when their occupants were tapped for posts in President Donald Trump’s administration, including that of Matt Gaetz, the politician Trump sought for the attorney … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2642.5, down 1.0% (-27.91) since 4 p.m. ET on Thursday. Five of 20 assets are trading higher. Leaders: DOT (+2.1%) and AAVE (+1.6%). Laggards: SUI (-5.1%) and FIL (-3.3%). … Read more
Short-term price dips are par for the course in bitcoin’s (BTC) bull markets, but one indicator suggests the current decline from recent highs may reflect a deeper structural shift in market dynamics. Bitcoin was trading around $84,000 as European morning hours on Friday, a 23% drop from its January peak of $109,000. The fall has … Read more